FG, States, LGs shared N5.9trillion in 2017
3 months ago Admin 0
A new report by the Economic Confidential has disclosed that the Federal Government, 36 states and the 774 local government councils in Nigeria shared a total sum of N5.9 trillion from the Federation Account in 2017 in spite of the economic recession witnessed during the period.
While the Federal Government and its agencies received a total sum of NN2.5 trillion the other tiers of government shared N3.3 trillion.
The total allocation of N3.3tr to States and their Local Government Councils is N700 billion above the N2.6 trillion they received in the previous year of 2016.
Lagos is ranked first as the highest recipient of gross allocation with a total sum of N201bn in the twelve months of 2017.
It is followed by Akwa Ibom State N197bn, Rivers N178bn, Delta State N175bn and Kano State N143bn.
The five states got over a quarter (25%) of the total allocation for the States and local government councils in Nigeria.
Among the 10 highest recipients from the Federation Account are Bayelsa State which got N138bn; followed by Katsina State N103bn, Oyo State N101bn, Kaduna State N98bn and Borno State N92bn.
The lowest recipients are Gombe and Ebonyi States that got N57bn each followed by Ekiti and Nasarawa State N59bn each and Kwara N61bn.
The report further disclosed that Edo and Ondo which are oil-producing states got N75bn and N85bn respectively while another state in the South-South, Cross River State merely received N68bn.
Factors that influence allocations to states and local government councils from the Federation Account include: Population, Derivation, Landmass, Terrain, Revenue Effort, School Enrolments, Health Facilities, Water Supply and Equality of the beneficiaries.